Don’t fall for common bankruptcy myths
Swimming in debt can have a negative impact on your life. When you don’t feel like you have any way out because you simply can’t make the payments, you might realize that you need to turn to bankruptcy. This isn’t something that you should be ashamed of. It is a choice that can help you […]
Saddled with debt from a Parent PLUS loan?
Data from the Sallie Mae program indicates that a mere 48 percent of today’s parents have savings earmarked for their children’s college education. As a result, many find themselves needing to take loans out to pay, or supplement, the kids’ tuition bills. Older parents often find themselves in the difficult position of needing to subsidize […]
You can’t ignore the benefits of Chapter 7 bankruptcy
Even though you hope it never happens, there could come a time when you have no choice but to consider filing for Chapter 7 bankruptcy. You’ve tried everything else, from credit counseling to altering your budget, and you just can’t make any progress. Fortunately, you can learn more about Chapter 7 bankruptcy as a means […]
Bankruptcy myths: Don’t believe these to be true
There are many people out there who have filed for bankruptcy. And there are just as many who hope to do so at some point in the future. Even though filing for bankruptcy is not the ideal financial situation, it may be the best thing you can to do eliminate or reorganize some or all […]
Understand basic points about bankruptcy before you file
Filing bankruptcy is a big step toward financial freedom when your bills are pulling you deeper and deeper into debt. There seems to be a lot of misconceptions about bankruptcy that you shouldn’t fall for if you are considering filing for this relief. One thing that can impact the way that a bankruptcy will effect […]
Make plans to rebuild your credit after you file a bankruptcy
One of the primary concerns that people have when they are filing for bankruptcy is how the filing will impact their financial status in the upcoming years. There isn’t any easy answer for this because there are many factors that can affect how a bankruptcy impacts you. Filing for bankruptcy is going to impact your […]
What property may I keep in a Chapter 13 bankruptcy?
Chapter 13 bankruptcies offer those who qualify for them many more flexibilities than other forms of bankruptcy, but most American’s don’t necessarily understand the difference between the two. When most people throughout the country think about bankruptcy or talk about it publicly, they often actually describe a Chapter 7 liquidation bankruptcy. Under that system, a […]
Bankruptcy myth: You can never discharge student loans
Like most complex issues in society, there are a lot of misconceptions and myths surrounding bankruptcy. Some people believe it will preclude them from ever owning a home or getting credit again. Others may have heard that there simply isn’t any way for student loans to get discharged in bankruptcy. This myth is particularly insidious, […]
When your degree does not lead to a high paying job
Student loans seemed like a great idea when you first started college. You could pay for your tuition, graduate and earn enough money to make the payments. Unfortunately, you only have a six-month grace period before you have to make that first post-graduation payment. When you are earning entry-level wages and trying to pay rent […]
Many people with cancer have to worry about bankruptcy, too
When you first get diagnosed with a chronic or life-threatening illness, you worry mostly about your health and future. Will you see your children (or grandchildren) graduate school? Will the treatments cause pain and discomfort? Will you be part of the percentage of people who “beat” this condition? Very few people think about the financial […]
